Ukraine Update: Putin Recognizes Two Breakaway Regions, Biden Responds With Sanctions

2 years ago

Russian President Vladimir Putin signed decrees recognizing the independency of the Donetsk People's Republic and Luhansk People's Republic, some of which are located successful eastbound Ukraine's Donbas region.

U.S. President Joe Biden responded by promising an enforcement bid banning U.S. citizens from engaging successful investment, trade, and concern with the alleged DNR and LNR. The Biden Administration further warned that these measures are but a warm-up for sanctions planned successful conjunction with allies successful the lawsuit of further Russian escalation.

European Commission President Ursula von der Leyen calls the Russian enactment a "blatant usurpation of planetary law, the territorial integrity of Ukraine and the Minsk agreements."

U.S. markets are closed for the Presidents' Day holiday, but futures are trading and sunk to league lows pursuing the news, with the Nasdaq 100 down 1.9% and the S&P 500 disconnected 1.25%. Bitcoin had managed to ascent to implicit $39,000 aft dropping to a three-week debased of $37,200 aboriginal Monday morning, but has present dipped backmost to $38,200.

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Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.


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